Archives For Money

By Eric on September 30, 2014 1

August 29 was my last day of my previous job. So, I’ve essentially been a full-time financial coach for one month now. I’ve been thinking, and strategizing on this transition for at least a year. Big moves like this are worth taking the proportionate amount of time for the risks involved. And since there are two other humans in my household, there was greater weight to the decision.

It’s surprising how hard it is to prepare for such a big transition. From steady paycheck and benefits, to working for yourself (but not by yourself) and having to “earn” your own benefits. But, there is one factor I’ve left out and that’s the work itself. The work is rewarding beyond any other work I’ve been apart of before, and on the flip side, there is pressure to provide.

The Work

I get to be apart of something big. I get to work with folks trying to change their lives and wanting to be the best they can be. And being part of that ride as a financial coach is an awesome thing.

Is the work easy? No.

But, I’m learning so much each and every day financially, spiritually, mentally, physically. It’s been a whirlwind of a month and a lot of change for me and my family. There has been tons of sacrifice in one short month in our house. But, for me personally, I wouldn’t change it.

Change can be really hard. Taking risks isn’t always fun either, but looking back, I have no regrets (much like Tim Riggins in Friday Night Lights).

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By Eric on September 25, 2014 4

I know, I know… fall just began… why am I talking about Christmas? I don’t know about you, but I’m certainly not ready for winter. Winter weather is not the concern today, but Christmas spending is…

If you haven’t begun saving for Christmas, I hate to break it to you, but it’s right around the corner. If you’ve not been saving up for it until now, you’ve got just a few short months to save up, or deck the halls with bills come January, and that would be unfortunate.

1498857_659495574150_975903173_oPhoto by Megan Schapp

Don’t panic! There is still October, November, and December to save up.  Here is a simple three step process to help save up some cash for Christmas.

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By Eric on September 17, 2014 9

Getting the mail is NOT one of my favorite things to do. For some reason, Kelsey likes it, but since our mail-box is right on my way home I usually pick it up before pulling into the garage.

I guess I really don’t like it because we typically don’t get anything worth getting excited about. Except when my Grandma sends me cards. They are the best!

My grandparents venture their way down from Iowa to Texas for the winter every year. And once or twice she’ll send a card with a note about how they are doing and what they are up to.

It’s my favorite thing to receive in the mail! Here’s one that my grandma sent to me once.

Card

In case you can’t read it, here’s what it says…

Dear Eric,

We don’t see robins in Texas. Right now the mocking birds are singing and are very busy starting their nesting. They are very pretty singers.

The shuffle (board) tournaments are over for us. In 2 or 3 weeks the Canadians will be going home. 5 to 6 weeks and we’ll be coming. Aunt Wilma is on her way down.

Hope spring is soon in your area.

Have a Happy Birthday.

Grandpa & Grandma

So, imagine my delight when I saw this envelope in the pile of mail last week. It looks eerily similar to a card that my Grandma would send. So…. I did what I normally wouldn’t do with most mail…. I opened it.

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By Eric on September 9, 2014 4

Why is it so difficult to stick to a budget? This is one of the most frequent questions I get asked, and the biggest problem we all have with starting the process of managing our finances.

Before we start honing in on the resources we have, we’re managing our finances without a purpose, and while we’re getting by on a monthly basis, there is no traction toward bigger financial milestones like: paying off debt, building wealth, giving, or saving regularly.

5 Key Steps to Sticking to a Budget

The solution lies in the keys below and requires regular routine maintenance of our focus, and discipline. Over time we begin to develop bigger budgeting muscles that help us stay on track. The five keys to sticking to a budget will help you win with your money and achieve your goals.

1. Define Goals

Before we decide to start budgeting, it’s helpful to spend a bit of time soul searching. Asking “why” we really want to get a handle on our finances, why do we want to pay off debt, why do we want to build wealth, why do we want to give, why do we want to save money?

These questions help us understand our deep motivations. Keep asking why until you really know the answer. At that point, our dreams can be pulled from the clouds and turned into goals. Put some time restraints and numbers behind goals, because a vague goal is one that is hard to achieve.

Once we know our why, it’s much easier to do the following steps.

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By Eric on September 2, 2014 +

I’ve never been “good” at reading. At least not in my own mind. I’m a terribly slow reader and every comprehensive test I ever taken revealed that reading comprehension was my area of extreme weakness. On top of that, I’ve never really considered myself a reader.

Despite my weakness, one quote has motivated me to create a discipline of reading in my life:

“You will be the same person in five years as you are today except for the people you meet and the books you read.” – Charlie Jones

Reflecting on the Charlie Jones quote, I found myself inspired to write this post because of the personal implications it’s had on my life. If you haven’t heard, I just left my cubicle job to pursue a passion in helping others with they personal finances. While this is a complete career paradigm shift in my mind, it’s been a long time coming. (today is my first day on the “job”)

I’ve always wanted to own my own business, and while that has taken a shape of it’s own in this new adventure, I think teaming up with someone else is a win-win. The deeper root of my dream to own my own business, has been working in an area that I am truly passionate about, and not having a ceiling on my potential based on positions available. More importantly, I want to work on something I believe in, and can be passionate about everyday.

That being said, I’d love to share with you some books that have guided me toward this transition. Whether they directly or indirectly helped me, I’m not sure, but I think there’s something for everyone on this list.

It’s a long list, here are my top 5 from what I’ve read.

5 favorite books

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